A policy is a set of rules, principles or guidelines which can either be legally binding or not depending on the scenario that are used to guide how activities are carried out. It creates a operational framework.
Policy is course or principle of action adopted or proposed by an organization or individual and “the government’s controversial economic policies”
A policy is a set of principles, guidelines, rules, or objectives that govern decision-making and behavior within an organization, community, or society. Policies are created to address specific issues, guide actions, and achieve desired outcomes. They can be formal or informal and are often developed by governments, institutions, or businesses to ensure consistency, fairness, and compliance with laws and regulations.